From one photography collector to another: a venue for thoughtful discussion of vintage and contemporary photography via reviews of recent museum exhibitions, gallery shows, photography auctions, photo books, art fairs and other items of interest to photography collectors large and small.

Monday, June 27, 2011

While it wasn't a white glove outcome, the results from Christie's recent single artist Pierre et Gilles sale in Paris were nonetheless quite strong. The Buy-In rate was under 15%, all of the top lots found buyers, and the Total Sale Proceeds came in above the range.
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The summary statistics are below (all results include the buyer’s premium):

High Total Lots: 7
High Sold: 7
High Bought In: 0
Buy In %: 0.00%
Total High Estimate: 355000€
Total High Sold: 311800€

The top lot by High estimate was lot 23, Pierre et Gilles, David et Jonathan - Jean-Yves et Moussa, 2005, at 35000-55000€; it sold for 56200€. The top outcome of the sale was lot 2, Pierre et Gilles, Le petit jardinier - Didier, 1993, at 157000€ (image at right, top, via Christie's)

100.00% of the lots that sold had proceeds in or above their estimate. There were a total of two surprises in this small sale (defined as having proceeds of at least double the high estimate):